TOKYO Japanese steel
exports fell in February from the previous month but were
sharply higher than a year earlier as producers reaped the
benefits of a weakening Japanese currency.
Steel exports totaled 3.63
million tonnes, down 0.7 percent from January but up 12.6
percent from February last year, according to the latest Japan
Iron and Steel Federation data.
The monthly drop was led by a
16.2-percent decrease in exports of semifinished product,
offset by a 22.7-percent jump in specialty steel products to
642,625 tonnes. Also recording shipment gains were carbon steel
products, up 0.1 percent to 2.34 million tonnes, cold-rolled
coil (up 25.9 percent) and galvanized sheet (up 0.8 percent).
However, decreases were seen in hot-rolled coil (down 1.7
percent) and heavy plate (off 13.8 percent).
Exports to South Korea totaled
607,154 tonnes, down 5.4 percent from January and 8.5 percent
from a year earlier.
Meanwhile, imports fell for a
fifth consecutive month to 516,794 tonnes in February, down
18.1 percent from the previous month and 14.3 percent from a
Imports from South Korea of 256,721 tonnes were down 9.1
percent from January and 11.6 percent from February last
A version of this article was first published by AMM sister
publication Steel First.